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financial year defination of COMPUSTAT fyear
Posted: 23 June 2016 08:12 PM   [ Ignore ]   [ # 16 ]
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hi Winnie,

The rule that determines the fiscal year is based on the month of the end of the fiscal year.

Fiscal years that end in January through May are considered to be the fiscal year of the year before; ending in June-Dec it is the same year. Basically, the fiscal year is the year that has the most months in that year.

So, if the fiscal year ends at Jan 31 2015, then for that year there were 11 months in 2014 - so that makes it fiscal 2014. If some fiscal year ends in September 2015, then 9 months were in 2015, so fiscal 2015.

Hope this helps,

Joost

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